Ballard Spahr advised Square Roots Urban Growers, Inc., an urban farm accelerator, on its $5.4 million series seed financing round led by Collaborative Fund. Partner Nathan Seiler led the firm's legal team.

Square Roots, based in Brooklyn, New York, offers a place for urban farmers to grow greens and learn the business of farming. Its first group of 10 food entrepreneurs grows crops in the organization's hydroponic, controlled-climate container farms. The accelerator was founded last year by CEO Tobias Peggs (former CEO of Aviary and OneRiot) and Kimbal Musk (co-founder of farm-to-table restaurant chain The Kitchen and board member of SpaceX, Tesla, and Chipotle).

Mr. Seiler, based in Ballard Spahr's Boulder office, advises high-growth companies on corporate and securities transactions, including initial formation, venture capital and private equity financings, and public securities offerings, and mergers and acquisitions. Denver-based Associate Kerry E.S. O’Neill also advised Square Roots in this matter.

The attorneys in Ballard Spahr’s Emerging Growth and Private Capital Group have decades of experience helping emerging companies thrive—from entity formation, angel and seed financing, preferred financing rounds, and ultimately through a sale or initial public offering.